Economy, asked by tarn51, 3 months ago

what is the shape of AR and MR curves under perfect competition. draw diagram to explain ​

Answers

Answered by labonikundfu
1

Answer:

Explanation:

Under perfect competition, average revenue curve is a straight horizontal line and is equal to MR. 2. In pure monopoly, AR curve is a rectangular hyperbola and MR curve coincides with the horizontal axis.

Answered by Anonymous
1

Answer:

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